Category: News Author : Kim LaCapria Posted: July 2, 2009
Tags : bernard madoff, bernie madoff, ruth madoff, schadenfraude
Ruth Madoff was escorted from her posh Manhattan penthouse today by federal marshals, the New York Daily News is reporting.
Mrs. Madoff, who has reverted to her maiden name Alpern in an unsuccessful bid to find an apartment, reportedly surrendered all the property inside. Five federal marshals took possession of the home just before noon today and are in the process of cataloguing its contents. Ruth has lived in the $7m Upper East Side Duplex for decades with her husband, Bernie Madoff, who is currently serving a sentence of 150 years for his infamous Ponzi scheme.
Ruth Madoff relinquished all claim to the $70m in funds that were in her name, and denied any knowledge of her husband’s schemes. Don’t feel too bad for her, in case you were going to- she was allowed to keep $2.5m in cash in the deal she cut with the Justice Department.
Jul 3, 2009
Once again I say, Ruth Madoff is innocent I assume. She is being skapegoatd needlessly. This is America where we are innocent until proven guilty. From what I gather she has been investigated and no evidence has been found as yet linking her to her husband's unlawfrul business dealings. I have skimmed articles about her and she seems to be a dear, sweet woman. All of this ostracism is absolutely uncalled for. Friends who have turned their backs on her should be ashamed of themselves. Assuming she is innocent, she and her children are also victims of this heinous scandal.
Submitted by: Karen V. Stefanini, Beautiful Back Bay, Boston
Aug 16, 2011
Poor woman can not get thru life on 2.5 million, a family of crooks gets caught and they are treated like they are victims. The whole family knew and also the investors what was going on because where did they think the great returns were coming from, – a endless money bucket. If it is to good to be true it is not true and usually against the law. The investors and the Madoff family should all go to prison for 150 years. They all are just street scum in fancy clothes.